Bookbuilding IPO | ₹189 Cr | Listed at BSE, NSE | Tue, Sep 18, 2007 - Fri, Sep 21, 2007
Consolidated Construction IPO is a book build issue of ₹188.70 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹188.70 crore.
Consolidated Construction IPO bidding started from Sep 18, 2007 and ended on Sep 21, 2007. The shares got listed on BSE, NSE on Oct 15, 2007.
Consolidated Construction IPO price band is set at ₹510 per share. The lot size for an application is 12. The minimum amount of investment required by an retail is ₹6,120 (12 shares) (based on upper price). The lot size investment for sNII is 33 lots (396 shares), amounting to ₹2,01,960, and for bNII, it is 164 lots (1,968 shares), amounting to ₹10,03,680.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Consolidated Construction IPO RHP for detailed Information.
IPO Open
Tue, Sep 18, 2007
IPO Close
Fri, Sep 21, 2007
Issue Price
₹510 per share
Market Cap (Pre-IPO)
₹1,884.73 Cr
| IPO Date | 18 to 21 Sep, 2007 |
| Listed on | Mon, Oct 15, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹460 to ₹510 |
| Issue Price | ₹510 per share |
| Lot Size | 12 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 37,00,000 shares (agg. up to ₹189 Cr) |
| Fresh Issue | 37,00,000 shares (agg. up to ₹189 Cr) |
| Share Holding Pre Issue | 3,32,55,445 shares |
| Share Holding Post Issue | 3,69,55,445 shares |
| BSE Script Code / NSE Symbol | 532902 / CCCL |
| ISIN | INE429I01024 |
Consolidated Construction IPO comprises a total issue size of 37,00,000 shares. Out of which, 22,20,000 (60.00%) are allocated to QIB, 3,70,000 (10.00%) allocated to NII 11,10,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 22,20,000 | 60.00% | NA |
| NII (HNI) Shares Offered | 3,70,000 | 10.00% | NA |
| Retail Shares Offered | 11,10,000 | 30.00% | 92,500 |
| Total Shares Offered | 37,00,000 | 100.00% |
Investors can bid for a minimum of 12 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹6,120 |
| Retail (Max) | 32 | 384 | ₹1,95,840 |
| S-HNI (Min) | 33 | 396 | ₹2,01,960 |
| S-HNI (Max) | 163 | 1,956 | ₹9,97,560 |
| B-HNI (Min) | 164 | 1,968 | ₹10,03,680 |
Incorporated in 1997, Consolidated Construction Consortium Ltd (CCCL) is in the business of construction. CCCL is an ISO-certified company with a turnover of around Rs. 8.55 billion. CCCL provide construction services in the industrial, commercial, infrastructure and residential sectors of the construction industry.
CCCL operations include a range of construction services such as construction design, engineering, procurement, construction and project management and construction allied services such as mechanical and electrical, plumbing, fire-fighting, heating, ventilation and air conditioning, interior fit-out services and glazing solutions.
CCCL has executed 334 projects, comprising of 104 industrial projects, 172 commercial projects, 14 infrastructure projects, and 44 residential projects across 14 states in India. CCCL's projects include factories, residential and commercial buildings, hospitals, hotels, power plants and structures in the infrastructure sector such as water tanks, water supply schemes and bridges.
CCCL has constructed structures for a variety of private and public sector clients from various sectors such as IT / ITES, hospitals, hospitality, pharmaceuticals, education, hospitality, manufacturing, retail, malls and multiplexes. CCCL's major clients include Infosys Technologies Limited, Ascendas IT Park (Chennai) Limited, Khivraj Technology Park Private Limited, Manipal University, Airport Authority of India Limited, Hi-Tech Carbon (a unit of Aditya Birla Nuvo Limited) and the Infosys Foundation.
CCCL's revenues have grown from Rs. 1602.36 million in Fiscal 2004 to Rs. 8,683.71 million in Fiscal 2007, which is a CAGR of 76% and our profit after tax has increased from Rs. 41.20 million in Fiscal 2003 to Rs. 476.77 in Fiscal 2007, which is a CAGR of 126%.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Finance the acquisition of construction infrastructure. | 137.44 |
| 2 | Investment in our Subsidiaries. | 6.80 |
| 3 | Expenditures towards our skill and management development centre. | 4.86 |
| 4 | Repayment of loans. | 11.76 |
| 5 | Fund expenditures for general corporate purposes. | 12.85 |
| KPI | |
|---|---|
| RoNW | 25.6% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 82.31% | 74.07% |
| Market Cap | ₹1,884.73 Cr. |
The CCCL IPO is subscribed 81.18 times on September 21, 2007 5:00:00 PM (Day 4). The public issue subscribed 12.69 times in the retail category, 117.68 times in the QIB category, and 67.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | |
| 2 | Advertising and Marketing expenses | |
| 3 | Printing and stationery | |
| 4 | Others (Monitoring agency fees, IPO grading fees, Registrars fee, legal fee, etc.) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹510.00 | ₹510.00 |
| Open | ₹801.00 | ₹889.90 |
| Low | ₹736.20 | ₹735.00 |
| High | ₹825.25 | ₹889.90 |
| Last Trade | ₹791.45 | ₹792.10 |
Lead Manager Reports
Consolidated Construction IPO is a main-board IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹189 Crores. The issue is priced at ₹510 per share. The minimum order quantity is 12.
The IPO opens on Tue, Sep 18, 2007, and closes on Fri, Sep 21, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Consolidated Construction IPO using UPI as a payment gateway. Zerodha customers can apply in Consolidated Construction IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Consolidated Construction IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Consolidated Construction IPO opens on Tue, Sep 18, 2007 and closes on Fri, Sep 21, 2007.
Consolidated Construction IPO lot size is 12, and the minimum amount required for application is ₹6,120.
You can apply in Consolidated Construction IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Consolidated Construction IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Consolidated Construction IPO allotment status.
The Consolidated Construction IPO listing date is on Mon, Oct 15, 2007.
